Members

Henrique Pizzolato President
Aldo Luiz Mendes
Arlindo Magno de Oliveira (until 31/5/2004)
Cecília Mendes Garcez Siqueira (until 4/6/2004)
Gilberto Matos Santiago (since 4/6/2004)
José Ricardo Sasseron (since 31/5/2004)
José Roberto Mendes do Amaral (until 31/5/2004)
Nélio Henriques Lima (since 25/5/2004)
Rosa Maria Said (until 25/5/2004)
Valmir Marques Camilo (since 31/5/2004)

Proxies

Antonio Carlos Lima Rios (since 31/5/2004)
Carlos Alberto de Araújo (until 31/5/2004)
Gilberto Matos Santiago (until 4/6/2004)
Jacques de Oliveira Pena (until 31/5/2004)
José Luis Salinas (since 25/5/2004)
José Wilson da Silva (since 31/5/2004)
Juraci Masiero
Nélio Henriques Lima (until 25/5/2004)
Pedro Carlos de Mello (since 31/5/2004)

Members

José Bernardo de Medeiros Neto President
Rolf Von Paraski
Paulina Pasquina Benedetti Terra (since 31/5/2004)
Paulo Roberto Evangelista de Lima (until 31/5/2004)
Ubaldo Evangelista Neto (until 31/5/2004)
Luiz Alberto Alvarenga (since 31/5/2004)

Proxies

Luiz Carlos Teixeira
Paulo Sérgio Navarro
Murilo Castellano (since 31/5/2004)
Eder Marcelo de Melo (since de 31/5/2004)
Antonio Carlos Lima Rios (until 31/5/2004)
José Luis Salinas (until 31/5/2004)

Sérgio Ricardo Silva Rosa President
Francisco Ferreira Alexandre Administration Director
Luiz Carlos Siqueira Aguiar Investment Director
Renato Sobral Pires Chaves Shareholders Board Director
Erik Persson Planning Director (until 4/6/2004)
Cecília Mendes Garcez Siqueira Planning Director (since 4/6/2004)
Fernando Amaral Baptista Filho Security Director (until 4/6/2004)
Erik Persson Security Director (since 4/6/2004)